CNBC's March Madness
Everyone seems to have March Madness -- even CNBC, which is encouraging viewers to take part in Wall Street's answer to the annual college basketball frenzy. The network has lined up 64 companies, four sectors, and one champion. Winners are selected each night through April 7th at 5 p.m. and 8 p.m. ET by the "Fast Money" traders.
According to CNBC's site:
Hewlett-Packard rolled over 16 seed Western Digital. Then, in a hard fought chip conference battle, 9-seed Intel, squeaked by LCD giant Corning. Microsoft, appeared to be oblivious to taunting from the sidelines by Yahoo's Jerry Yang and they beat IBM. Larry Ellison's Oracle squad sailed by Comcast.
While EMC -- with its mysterious virtualization offense -- won a hard fought one over Verizon. 3 seed Apple stole from Research In Motion's playbook and won as the iPhone maker started to gain business customers. And John Chambers out-coached Michael Dell with Cisco beating Dell.
Meanwhile in live tournament play, AT&T made mincemeat out of Google* with the traders ruling in favor of telephone’s buildout over Google’s online ad sales.
*The producers of Fast Money advanced Google to the next round of competition anyway. Read more here. (Thanks for the tip on this, MB)
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